NPA denies N713bn fraud allegation

The Nigerian Ports Authority has denied an allegation that it failed to remit N713bn into the Federation Account since 2009.

A statement by the Assistant General Manager Public Affairs, NPA, Mr. Musa Iliya, dismissed the allegation by the National Conference Committee on Public Finance as untrue.

For allegedly not remitting the amount into the Federation Account, the committee had accused the NPA of contravening Section 162 of the Constitution.

But in its reaction, the NPA said the Constitution allowed it to deal with all operating expenses from its revenue before remitting the surplus to the Federation Account. Continue Reading